34,632 sqft

C$5,990,000

4571 Pemberton Rd, Port Alberni BC, V9Y 5K2

Price per sqftC$172.96

Property size34,632 sqft

Property typeCommercial

Courtesy of Royal LePage Coast Capital - Chatterton

Overview

Active

Listed May 11, 2026

Updated Jun 3

Well-maintained 42-unit, 3-storey apartment building on a 63,597 sq. ft. lot in Port Alberni. Strong investment opportunity with significant upside potential as current rents are below market and vacancy remains extremely low at 1.5% (CMHC Oct. 2024). Major upgrades completed in 2018–2019 include exterior envelope improvements with HardiBoard siding, double thermal pane windows, vinyl-covered balconies, and new hot water boilers. Features include elevator service, electric baseboard heating with individually metered suites, 3-phase 1,600-amp electrical service, fire alarm system, on-site Coinamatic laundry, private balconies/patios, full municipal services, and SBS flat roof updates in 2025. Bonus bachelor suite (#100) rented at $825/month not included in stated income, offering additional revenue potential.Building area from BC Assessment.

Additional information

MLS^® ID: 1036693

Interior Features

Basement: No

Exterior Features

Lot Size: 1.39 Acres

Other Property Details

Taxes: $33,724
Tax Frequency: Annually

Courtesy of Royal LePage Coast Capital - Chatterton, Fraser Campbell

Listing Contact: 250-888-3110

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